1217 E Spring St New Albany, IN 47150
Estimated payment $3,294/month
Total Views
656,211
--
Bed
3
Baths
5,935
Sq Ft
$84
Price per Sq Ft
Highlights
- 0.51 Acre Lot
- Cathedral Ceiling
- Storage
- Open Floorplan
- Corner Lot
- Ramp on the main level
About This Home
Positioned in the heart of New Albany, the Alexander Dowling Home presents a rare and compelling investment opportunity within the highly sought afte E Spring St Historic District. Located at 1217 E. Spring St & listed on the Historic Registry, this Italianate gem offers the perfect blend of historic significance & income producing potential.
Originally owned by Alexander Dowling—former Indiana Supreme Court Justice (1899–1905) & prominent local figure—this property carries a rich legacy that enhances its desirability for boutique residential, mixed use or specialty rental concepts.
Built circa 1870 with an 1888 addition, the home showcases classic Italianate architecture, including tall, narrow windows, ornate cornices & striking vertical lines. For investors, the true value lies in its versatility—the property can be restored into a grand single-family residence, converted into multiple units or repositioned for short term rental, office or mixed use purposes (subject to zoning & approvals).
Its prime location near the Downtown New Albany Historic District, along with close proximity to restaurants, shops & local businesses further strengthens its appeal for tenants, guests or commercial use.
An added bonus: the included adjacent parking lot significantly enhances functionality & future development potential.
With seller financing options available, investors have a unique opportunity to acquire a distinctive, high potential asset w/flexible terms & long term upside.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,563
Year Built
- Built in 1929
Lot Details
- 22,216 Sq Ft Lot
- Lot Dimensions are 80x170
- Landscaped
- Corner Lot
Parking
- Driveway
Home Design
- Block Foundation
- Wood Trim
Interior Spaces
- 3 Full Bathrooms
- 5,935 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Cathedral Ceiling
- Storage
- Partial Basement
Accessible Home Design
- Ramp on the main level
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 220502800539000008
3D Interior and Exterior Tours
Floorplans
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,563 | $334,700 | $52,800 | $281,900 |
| 2024 | $7,563 | $269,200 | $52,800 | $216,400 |
| 2023 | $9,705 | $274,000 | $52,800 | $221,200 |
| 2022 | $8,018 | $276,600 | $52,800 | $223,800 |
| 2021 | $7,461 | $256,100 | $52,800 | $203,300 |
| 2020 | $7,280 | $256,100 | $52,800 | $203,300 |
| 2019 | $7,050 | $256,100 | $52,800 | $203,300 |
| 2018 | $6,973 | $253,900 | $52,800 | $201,100 |
| 2017 | $7,076 | $253,600 | $52,800 | $200,800 |
| 2016 | $7,896 | $251,400 | $52,800 | $198,600 |
| 2014 | $7,183 | $253,900 | $52,800 | $201,100 |
| 2013 | -- | $247,300 | $52,800 | $194,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/18/2026 03/18/26 | Price Changed | $499,000 | -16.1% | $84 / Sq Ft |
| 11/26/2025 11/26/25 | For Sale | $595,000 | 0.0% | $100 / Sq Ft |
| 10/11/2025 10/11/25 | Pending | -- | -- | -- |
| 08/15/2025 08/15/25 | For Sale | $595,000 | -- | $100 / Sq Ft |
Source: Southern Indiana REALTORS® Association
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Young Lind Endres & Kraft | |
| Warranty Deed | -- | None Available |
Source: Public Records
About the Listing Agent
I'm an expert real estate agent with Berkshire Hathaway HomeServices Parks & Weisberg R in Jeffersonville, IN and the nearby area, providing home-buyers and sellers with professional, responsive and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.
Kim's Other Listings
Source: Southern Indiana REALTORS® Association
MLS Number: 2025010318
APN: 22-05-02-800-539.000-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
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